Gold Long: Update on Elliott Wave CountsI suggest that we have seen wave 1 of 3 and wave 2 of 3 completion and is now going into a wave 3 of 3 that is expected to break out of the ascending triangle.
The stop loss is now adjusted to 3200 and the most conservative target gives us $3300 even though we are still aiming for >$3500.
Good luck!
Triangle
EURUSD - Aggressive, Medium & Conservative Target IdeasEURUSD offers an excellent example of how a countertrend trader can take a trend continuation approach to involving themselves in a trade.
After violating a previous high, the Euro has started to retrace. no despite already reaching our conservative prediction point, I do think that there is an opportunity for it to travel lower and that's what we're looking at in today's video.
As we head down to the 1 Hour timeframe we can see that price action ended the week by violating and confirming a descending triangle. With price now retracing back into that previous zone of support (which should now act as resistance), there's the potential to hop on the next move down while achieving some extremely good risk/reward ratios.
If you have any questions, comments, or just want to share an idea, please do so below!
Akil
Gold outlook: inflation, tariffs, and the key level to watchI'm long-term bullish on gold. With Trump pushing for 10% tariffs across the board, inflation risks are rising. Add tax cuts and already low unemployment, and you have a recipe for more upside. But why is there a risk that the price drops first, before heading higher? Watch the video to learn.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
How to manage an entry in AvaxA few days ago we covered an entry in AVAX. The entry was triggered, and in this video we show how the stop could have been managed and what to watch next.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
AVAX Breakout: 33% Upside? Crypto Market Heating UpAVAX just broke out of an ascending triangle pattern with a potential 33% upside. In this video, we walk through the setup, risk management, and why this might still have legs. We also look at Bitcoin, Ethereum, and Solana to understand how correlated moves could affect altcoins like AVAX. Don't miss the key levels and timing to consider before it's too late.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Is this still the ‘Top Trade’ of 2025? (WTI crude oil)It’s not a big secret actually- I’m talking about crude oil!
In the final week of 2024, the team and I highlighted two versions of the WTI crude oil weekly chart and asked ‘is this the top trade of 2024?’
Version 1 has already happened, WTI crude hit $55 per barrel, the downside objective of the smaller triangle pattern on the chart.
Version 2 showed a much larger triangle pattern (which we show again this week) and had a downside target of nearly $30! It would take a lot of conviction to ride the price that far down, but could crude oil still move a lot lower this year?
What’s interesting is that this is still one of the ‘less talked about’ situations in the market today because of the huge volatility seen in both stocks, forex and fixed income.
And I like that nobody’st talking about it - because you don’t want everyone in on it - that means the move could already be over.
Crude oil hit a five-year low. That’s meaningful.
Strong markets don’t hit 5-year lows, weak markets do. And we like to sell weak markets.
Of course, ‘oversold markets’ hit 5-year lows too - and that largely explains the ‘bottom feeders’ who bought WTI crude oil at $55.
Downside volatility got extreme owing to Trump’s tariffs and mean-reversion helped it rebound on news of the 90-day pause, much like stock markets.
I am completely open to the idea that $55 is a multi-year low and essentially marked the bottom. The huge Hammer reversal candlestick pattern adds weight to that idea.
But with the price having hit $65 last week, buying the lows is yesterday’s trade. What do we do today?
We will be looking to do what we said in Week 53 of 2024 in case crude oil turns out to be the ‘top trade of 2025’ as we imagined.
By the way, Brent crude oil has a very similar setup so this is not a ‘US oil’ thing.
There are two parts to trading ‘planning the trade, and trading the plan’.
There isn’t much use in making a plan, and not taking the trade.
There are always reasons not to take a trade- but if it’s a ‘good trade’ that fits the rules of your trading strategy, then those reasons are usually just ‘noise’.
WTI Crude (USO/USD)
Long term chart (weekly)
Trend: Down
Phase: Re-test of breakdown
Resistance = $70
Support = $55
Price action: Price has broken down, rebounded and is now testing the breakdown level, while under the 30-week moving average. Should the price break back over the broken long term rising trendline then we know the idea, or at least the timing on the idea is not right.
View: Bearish while under broken up-sloping long term support
Using Bitcoin to boost AVAX trade successIn this video, I’ll show you tactics I use where a trigger in Bitcoin helps build confidence in an AVAX position. I combine a large descending triangle with a smaller ascending triangle to size up aggressively with a strong risk-reward ratio, staying heavy long to maximise upside in a bullish market.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
EURJPY breakout setup: 969 pip move ahead?EURJPY has traded sideways for 257 days, forming a descending triangle. A breakout could trigger a move of nearly 1,000 pips. We discuss bullish and bearish scenarios, trade setup, risk-reward, and what could trigger the move.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Ripple dives as predicted; what is next?
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
XRP could be about to drop 20% XRP is under pressure as the global trade war escalates, with rising US tariffs fueling fears of inflation and recession. A break below 194.62 could trigger a major downside move, supported by a bearish technical setup.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
Platinum Price Analysis: Breakout Strategy and Market OutlookIn this video, we take a look at platinum prices following a request from a reader. Despite a brief breakout, the price hasn't risen as expected and may be morphing into a classic triangle pattern. The best strategy now is probably to wait for a triple top to form before potentially trading a breakout. We also discuss different strategies, including trading within the pattern itself.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
GBPUSD Forms Triangle as World Awaits Trump’s MoveGBPUSD is trading sideways in a triangle pattern as markets await potential US tariffs, which may be imposed tonight. The new tariffs will target multiple countries, making negotiations harder and most likely slowing the global economy. If tariffs are confirmed, a break below 1.2868 could trigger USD strength and GBPUSD downside. Alternatively, a break above 1.3015 might suggest USD weakness. Traders should also monitor EURUSD for confirmation.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
AUDUSD Triangle Break Looms on Tariff RiskAUDUSD is trading inside a triangle pattern that's been forming for 83 days. A break below 0.6215 could trigger a 188-pip drop, with a 3.82 risk-reward setup. While the RBA held rates at 4.1%, upcoming US tariffs on Liberation Day may pressure the Aussie. Fundamentals and technicals align for a potential bearish move.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
AUDUSD triangle pattern suggests a big move is comingAUDUSD has been consolidating in a triangle pattern, suggesting a breakout is near—likely within weeks. A bullish breakout could target 0.6393, with potential for a 229-pip move. A bearish break is also possible but less clear. The setup offers strong risk-reward, with examples showing a 5.6x ratio.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
S&P 500 at a crossroads: breakout or fake move?The S&P 500 is stuck in a two day old descending triangle pattern making it a tricky setup after an aggressive sell off. A clean break below could lead to a drop towards 5549 with a further 1.6 percent decline. However there’s also the chance of a false breakdown followed by a rebound which could turn this into a fake move.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
Gold prices are about to reach a new ATHGold prices are on the way up. What would be a level where traders will book profits? Watch the video to find out.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
USDCAD could be about to deliver a 330 pips moveUSDCAD is forming an ascending triangle pattern, suggesting a potential breakout if it surpasses 1.4546, with an upside target of around 322 pips. Economic factors include U.S. tariffs on Canadian goods, a Canadian boycott of U.S. products, and slowing economic data in both countries, which could pressure the CAD as an export-driven currency.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
Country Presidents are now the customers of BitcoinWith Bitcoin reaching $100,000 range the appeal to buy and hold as a store of value more towards countries rather than retail traders
To make impressive money in this space retail traders should enjoy the fruits of compounding gains rather than buying Bitcoin, holding and hoping
EURUSD Hits Our Pattern Target – What’s Next?
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
EUR/USD Ascending Triangle Signals a Bullish BreakoutEUR/USD is on the verge of triggering a bullish ascending triangle pattern as markets price in three Fed rate cuts this year due to tariffs hurting the U.S. economy. What levels should we monitor? Watch the video to find out and leave your comments below.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
BTC UP! IMPOSSIBLE DOWN. Bag Go!!! Great Trend Analysis on DailyI'm inexperienced so PLEASE DO correct me if I am wrong I have heard horrible tales of a BEARISH DIVERGENCE? More like BULL RESURGENCE!!! more like BEARISH SUBMERGENCE!!!!
If you STILL can't see it ALL BTC has to do is EXPLODE in the next 16 hours, I'm talkin directly up NO pullbacks NO hesitation so just keep an eye out for that I hope you enjoyed my prophetical analysis short video thank you
NASDAQ-100 Breakout: What's Next for the Market? We finally got the NASDAQ-100 breakout we were looking for! In this video, we break down the trade setup, risk-reward ratio, and why the bullish case still makes sense. We analyze the ascending triangle pattern, key support levels, and potential trade strategies moving forward.
With stock indices pushing higher, could this also signal upside potential for crypto? Plus, we discuss how easing trade tensions and potential peace talks could fuel market optimism.
What’s your take on this move? Let us know in the comments!
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information